White papers - all assets – Page 29
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White papers
European structured credit review and outlook: From strength to strength
Structured Credit, and the European ABS market in particular, performed strongly during 2023, aided by attractive valuations, robust underlying collateral performance – despite higher borrowing costs for consumers and corporates – and significant income generation, attributes which have only become more compelling given the uncertain economic outlook.
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White papers
The Destination, Not the Journey
Interest rate expectations are volatile right now, but focus on the fact that almost everyone agrees rates have peaked and their next move is down.
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White papers
See, Like, Click, Buy
As retailers extend festive shopping seasons and leverage social media platforms to boost sales, the social commerce industry is expected to soar.
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White papers
Targeting net zero: 5 reasons to rethink portfolio decarbonisation
Why should investors consider rethinking their approach to aligning to net zero? Because in our view many current solutions, which focus on today’s low-carbon companies, have real flaws.
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White papers
How the Australian canary shows this cycle is different
Across 2023 we had been using Australia as our “canary in the coalmine” to highlight why this cycle is different. Despite some of the shortest maturity mortgages in the world, Australia’s economy has hummed along nicely. Our canary remains singing and shows why meaningful recessions are unlikely.
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White papers
Multi-Asset Investing in a Post-Peak Rate Climate
Rate cuts don’t happen in a vacuum—staying nimble with asset allocation can help investors adapt.
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White papers
Emerging-Market Debt Outlook 2024: Turning the Corner
We expect a favorable environment for emerging-market bonds in 2024, provided investors stay selective.
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White papers
Now may be the time for core bonds: Five themes for 2024
With inflation falling and the US Federal Reserve (Fed) signalling an end to its historic tightening cycle, the landscape for bond investors is beginning to look much clearer. Even after a sharp rally in late 2023, yields still look more attractive than they have in a decade.
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White papers
Battery storage in the energy transition
Institutional Investing in Infrastructure (i3): article extract
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White papers
Back to the Future? New Forces Could Revive Emerging-Market Equities
Q&A with Sammy Suzuki, Head of Emerging Market Equities, who discusses the outlook for an asset class that has struggled to overcome a decade of disappointment.
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White papers
Will Hawks Still Rule the Roost at Europe’s Central Banks?
As European inflation rates converge with targets, markets expect rate cuts. But central banks are set on a decisive victory over inflation.
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White papers
Global Macro Outlook - First Quarter 2024
After two years of aggressive tightening, global central banks pivoted in December. We expect some growth in the coming quarters, albeit subdued compared to history. With inflation easing, most global economies are off to a good start for the year. Yet, things can, and do, change quickly.
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White papers
Investing in a critical global resource: water
In this paper, Impax Asset Management, a delegated manager of BNP Paribas Asset Management, discusses the fundamental drivers of the global water industry’s growth and regulation. Both are shaping priorities in the sector. What does this mean for the opportunity set for investors? What are some of the evolving technologies and solutions that could shape the market? Here is a shortened version of the paper presenting the main points.
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White papers
DPP wins Taiwan elections: key take-aways for investors
The DPP aims to maintain the status quo in cross-strait relations but firmly opposes the 1992 Consensus and the ‘One China’ policy, including Beijing’s proposed ‘one country, two systems’ model for reunification.
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White papers
Macroeconomic and financial market forecasts - January 2024
Macroeconomic forecasts as of 10 January 2024
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White papers
Macroeconomics, Geopolitics, and Strategy - January 2024
Recent Q4 2023 inflation data in the Euro Area, UK and US, on net have surprised on the downside, with year-over-year (YoY) rates of headline inflation now standing at 2.9%, 3.9%, 3.4% respectively, prompting expectations of a faster than expected reversion to target.
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White papers
Healthcare investing - 2024 outlook brighter on compelling valuations and easing headwinds
2023 was a tough year for healthcare investing, resulting in the sector lagging the broader indices by the widest margin since 1999. We believe the outlook for 2024 is much more favourable as the sector’s valuation is highly compelling, while many of the headwinds are abating.
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White papers
Europe: time for fiscal consolidation
The public finances of Eurozone countries began to improve in 2023 and fiscal consolidation will intensify in most Eurozone countries during 2024. Still, fiscal vulnerability – particularly for the most heavily-indebted countries – will rise over time, leading to a higher probability that public debt will not stabilise. The aim of the new fiscal rules is to ensure the longterm sustainability of public finances, but funding for the green transition could suffer.
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White papers
Cross Asset Investment Strategy - January 2024
Topic of the Month - Europe: time for fiscal consolidation
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White papers
What does waning risk appetite mean?
The first week of January is usually a positive one for markets, and this is mainly due to various reallocation flows. However, the first week of 2024 followed two months of high returns on equities and bonds. A moment’s pause is probably in order to take stock of recent valuations. Is the Federal Reserve’s (Fed’s) pivot and the long-predicted soft landing already fully priced in? In this weekly edition of Simply put we ask whether declining risk appetites point to a weaker outlook.